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Re: None

Wednesday, 10/03/2007 7:48:42 PM

Wednesday, October 03, 2007 7:48:42 PM

Post# of 1076
See the link below. It looks like the company has been trying to do what I wanted, which is trying to reverse the exercise of the options by Raymond and Debra and then subsequently Granite.

[WHEREAS , the parties have certain differences and disputes as to, among other things, the membership of the Company’s Board of Directors, the validity and exercise of certain options by T and T, the number of outstanding shares of the Company held by others, the validity of Granite Creek's conversion of a portion of its debt from the Company into equity, and the accuracy of certain filings with the Securities and Exchange Commission.]

I was also happy to see that Raymond and Debra have resigned from the board. The odd thing is, the filing is for a Standstill Agreement and it only lasts until Oct 7 which is just a few days away.

http://www.irconnect.com/mc/irc/secfilings.mc?cmd=disp&id=5461384&type=HTML